And wOw 500 doge for registering which is what 11 cents?
I mean you expect a person to be attracted to this offer?
My post was deleted like I was spamming? or my questions were not reasonable?
Any ways something smells fishy here, I would suggest to traders to wait for this exchange to become well known and established enough before moving any thing in there, since the whole threads involving this exchange are very simple and they didn't put up any work in to their job like maybe they don't care or just trying to pull off something and are lazy?
Anyways.
honestly, i got the 500 Doge and played with the exchange, it is pretty good, just needs a little work. i know it does not sound like much, but 500 Doge per person to 1000 people can be a hunch of change. i think that the more exchanges that emerge, the better the chance that bitcoin will make a more prominent place in the world. you know why 500 Doge was picked right? without trading back and worth just right, a new user may never get the funds out of the new exchange. on some trades, the 500 Doge is too low to create a BTC/DOGE trade, the amount keeps the price of BTC/DOGE high on the new exchange. give everyone 10,000 Doge and they will power dump and the price of Doge on the new exchange will not be appropriate versus other exchanges, the price of Doge can be ruined and the exchange might fail.
with 500 Doge you have to trade at a higher price to hit the minimum or deposit more of your own Doge, a trade to BTC too low and the funds are stuck under the minimum withdrawal for the site. 500 Doge keeps the price of Doge high and makes some people have to deposit funds into the exchange to withdraw that bonus. it is like the online casinos that give free money, you have to gamble that money to hit the minimal withdrawal requirement, otherwise everyone would sign up and bail with the money, same on the exchange
and, as far as deleted posts, you too can create a self-moderated thread and delete any post you like. sometimes a new service will delete some posts that are negative because they want to succeed, it is understandable. they did not come here to fail and unless they stole from you or you had a valid complaint against them, i see nothing wrong with it, you can create your own threads and have that God-like control too, lol
Thank you..
And by the way, minimum trade at the current DOGE market price is about 250 Doge..
Minimum withdrawal is 5 DOGE iirc..
right, but some people that are new will trade doge into BTC and then get stuck, they do not have the minimum BTC to withdraw and they will lose money with the trade back. since the funds are free anyway, they might as well trade back to doge and then withdraw, but whatever. lots of peope lose money on that and other exchanges just to get coins out, they go back and forth between BTC or LTC and a cheaper coin or a coin that is not accepted on other exchanges and between the rates and the fees they end up losing money just to get those "newcoin X" coins or whatever, those fees can get you, even in trading for profit
We offer 0.15% trading fees which I believe is very competitive (if not the lowest?). The DOGE is provided to test and try the platform. We hope at some point you would deposit some coins and use our service It's not meant to be a "trap" but a way for you to try some trades on our platform.
i did not mean anything bad at all. rather than "trap" i meant that it keeps you from handing out coins that people then immediately withdraw and move on. i meant it more as you using the amount as a guide to at least making the person use the exchange a little before moving on. I fully agree with your methods, your site and what you are doing. I also understand that without appropriate methods you would hand out your start up cash and not get anything back for it